Korea Tech Incubator Program For Startup

The Tech Incubator Program for Startup (TIPS) is a prominent South Korean government-led accelerator program managed by the Ministry of SMEs and Startups (MSS) and operated by the Korea Institute of Startup & Entrepreneurship Development (KISED). Launched in 2013, its mission is to foster innovation by identifying promising startups with disruptive technologies. The program operates on a public-private partnership model, where designated private investors (TIPS Accelerators) invest in a startup, and the government then provides matching funds for R&D, commercialization, and overseas marketing, significantly de-risking the early-stage investment.